Plans are moving forward at the £650 million regeneration scheme, Chatham Waters, with Peel Land and Property announcing next steps for the Private Rented Sector (PRS) scheme, its first phase of residential development at the site.

Phase one will include 193 units, with 64 one bedroom, 103 two bedroom and 26 3 bedroom apartments set within the stunning waterfront development, where work to transform the 26 acre former historic Naval Dockyard into ‘a place to live, learn, work, socialise and relax’ are already well underway.

The inspirational scheme, which includes four phases of residential development, will see up to 950 dwellings being built in total, many offering unparalleled views across the water, with 25 percent affordable housing as part the plans.

Peel will be inviting enquiries from registered social landlords to deliver up to 250 units of affordable housing at Chatham Waters.

Group Development Director at Peel, James Whittaker, said: “We’re excited to be moving forward with our plans for the first residential phase at Chatham Waters, as the stunning waterfront location starts to take shape.

“Chatham Waters represents a fantastic opportunity for local developers and investors to become part of this dynamic new residential, commercial, retail and leisure destination.”

The next phase announcement comes after the successful completion and launch of the 73,000sqft ASDA superstore and opening of the UTC Medway in September last year.

Peel is now marketing further commercial opportunities with 400,000sqft of office and educational floorspace, set in a landscaped environment, benefitting from views across the central boulevard and over the River Medway, creating a desirable working environment in close proximity to essential amenities. Buildings can be designed to suit an occupier or delivered in ‘shell and core’ condition.

As part of Peel’s regeneration vision, the unique waterfront scheme at Chatham Waters is being transformed into a space where people can live, work and be inspired, with stunning residential dwellings, waterfront dining and shopping, high-tech office and conference suites and green spaces where people can relax and socialise.

For further information visit www.chathamwaters.co.uk

For residential enquiries please contact Director of Residential Development, Neil Baumber: nbaumber@peel.co.uk

For commercial enquiries please contact Ed Johnston Stewart at JLL Office Agency: ed.johnstonstewart@eu.jll.com or Stephen Richmond at Altus Edwin Hill: Stephen.richmond@altusgroup.com